Looking to buy my first home
Hello, Based on the information you have provided you would qualify for a FHA loan putting 3.5% down and/or a Fannie Mae loan putting 10% down. You would most likely qualify for the first time home buyers credit of $8000.00. This would depend on what your husband shows as income. I would be happy to spend some...

mortgage broker question
You usually need two to three months worth of PITI in liquid assets. So, it depends on your rate as well as how much you are putting down and the purchase price?? If you can tell me the purchase price, % of your down payment, and rate, I can let you know.

A second streamline refinance? is this even possible?
HI Bob,Yes you are able to do another streamline. Please give me a call to discuss your personal scenario. I am a correspondent lender so we lend our own money. I have access to rates with BofA, GMAC, Wells Fargo ,and can also broker loans. I have a full range of products to be able to help you! Let me know and I...

Is it better to have the same person do the real estate and loan transaction?
Hi Shelley,The Realtor would need to have his DRE license registered with a broker that can do both sides. If he does, he can do both, but, I would not recommend this as there is alot to think about on both sides. You need to have a lender to focus on just your loan as the loans are not easy to get through these...

Refinancing With Two Homes? Bank Says Take a Hike!
No that does not sound right. You can absolutly refinance two homes as long as you qualify. Please give me a call at 707-206-2832 and/or email me at loansbycindy@gmail.com with your questions. My name is Cindy MacDonell with Primary Residential Mortgage Inc. We can do loans in most states and I am located...

Is this interest rate too high for an 800 FICO?
Yes, I see this to be high as my rates are in the mid 4.00% on a 30-Year conforming with a 90% CLTV. I also have a loan that you can go upto 95% Loan to Value with NO monthly MI. This is most likely why your lender is looking at a 80/10/10 for you, to avoid MI!! Please feel free to contact me, my name is Cindy MacDonell...

Can I consolidate 2 mortgages into 1?
As the two responses below stated, if your first is owned by Freddie Mac or Fannie Mae, you would be able to refinance your first, and subordinate the second. With your first at 6.00%, it would be wise to look at refinacing this into a lower interest rate. Rates now are in the mid 4's for the Home...

What are requirements for HARP 2?
Hello,Right now if your investor is Fannie Mae or Freddie Mac and you are not late on your mortage payments for the last 12 months, you can refinance upto 125% of the current market value. Starting March 2012, the loan to value of 125% ratio will be lifted, so it will not matter how far you are upside down....

When to apply for a VA loan
Hello,The best time to apply is as soon as possible if you are looking to purchase in the near future. We then can make sure you are pre-approved and ready to go when the decision comes in. If you do not intend to be on the loan, then your credit score is not used, although, you credit report will be pulled to...

30 year or 15 year refi
Yes, it sounds good to me as well. What you would want to do is compare the ending balance on where you are now vs the 15 year. You will save thousands in interest I am sure. Of course this is the way to look at it if you are planning on paying off this home. If you would like me to give you these numbers, please feel...

Radian LPMI and lenders in California
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Does your company offer USDA,FHA & VA mortgages???
Hello,My name is Cindy MacDonell from Bay Equity Home Loans in Norther California. Bay Equity has USDA, FHA, and VA. I would be happy to help you with any questions you may have on these loans. My number is 707-206-2832 Cell or direct office line is 707-583-8117. Thank You!

i want to buy a home in riverside ca, prop add 17830 baron rd 92508
Hello, It is a great time to purchase a home. Rates are low as well as the price. I would be happy to speak with you to go over your personal scenario and find the best possible loan option for you. I will guide you through the buying process. Bay Equity Home Loans is based out of SF with offices both in northern...

what type of loan can be used to purchase a home that has only been owned by current owner for 2 months
Hello, It all depends on the scenario and what the current owner purchased the home for and what he is selling it for? Give me a call and I can answer any questions on this as I need to know the full story before I can recommend any type of loan. It also depends the person who is purchasing the home, but,...

conventional loan at 13.5% need to refinance
Hello, It sounds like you are in a HARD money loan at 13.50%? Now is the time to get your self into a 30 year fixed loan. Please let me know if you have any questions I may answer for you and I would be happy to help you get out of this high interest loan. Cindy MacDonell 707-583-8117 cmacdonell@bayeq.comThank...

Is a full appraisal necessary for a refinance?
Yes, as the below answers are indicating. Unless it is a HARP 2.0, or a Streamline FHA, USDA and or VA, you will need an appraisal.

Hello-Our rental property (a condo) is worth approximately $140,000The balance on the first mortgage is $79,000, and the interest rate is 5.25%. The balance on the second mortgage is $94,000, and the interest rate is 9.00%. Since technically, we are underwater due to the second, is there a program that will enable a refi of these two mortgages into one? We are located in San Diego County, in the city of Alpine.Thank you in advance.Deborahdac6902@yahoo.com
I was replying to your question in regards to refinance when you are under water. Unfortunately, there is not a loan that you can refinance and include both your first and your second. There is the HARP loan in which if your investor is Freddie Mac or Fannie Mae, they acquired your loan before May of 2009,...

financing second property then having daughter move in?
Yes, I would agree with Douglas absolutely. If I can help in any way, please do not hesitate to contact me. Affinity Lending is north of SF, I work with a lot of clients in SF.Cindy MacDonell707-206-2832 Northern Cal Lender

Combination loan with 1st and 2nd in CA
Hello,Yes as stated below it will be considered Cash Out and will depend on your Loan To Value (LTV). We have Jumbo loans up to 85% LTV. Also, depending on the county and your loan balances, you could fit into High Balance tier. Feel Free to contact me, Cindy MacDonell CMG Financial at 707-781-8185